Matadors Money Matters

September 15, 2011

With the recent storms and flooding on the East Coast, many car owners are attempting to sell their cars…that have been flooded and my have caused serious damage to the vehicle. With the Internet, it’s not too far-fetched for someone on the West Coast to purchase a vehicle online from a seller on the East Coast. So heed this warning.

According to an article on CNNMoney.com:

Flooded vehicles are dangerous because the water damages the mechanical and electrical systems that control safety features. That means anti-lock brakes and turn signals can fail, airbags may not deploy in an accident, or — as in one unfortunate buyer’s case — the entire engine can simply blow up. Health issues are another concern. Chemicals and filth can get into the seats and ventilation, and can result in a buildup of mold and bacteria.

The best way to avoid purchasing a flooded vehicle is to take it to a trusted mechanic before you buy it. If you are purchasing the car online, find a mechanic who is not connected to the seller and have them check the car out for you.

If you do purchase a used car that is in good condition, finance it with MCCU! We have low rates, no application fees, and no payments for 60 days (interest will accrue)! You can even apply online for fast response.
Good luck in your new car search – and remember, an informed shopper is a happy shopper!